Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.57% |
| 2 | Technology | 12.05% |
| 3 | Financials | 10.74% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Energy | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EDD
2576
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$379M
| $1.51M | ﹤0.01% |
228,063
+202,215
| +782% | +$1.35M |
|
2577
iShares MSCI Hong Kong ETF
EWH
$1.26B
| $1.51M | ﹤0.01% |
+57,560
| New | +$1.43M |
|
2578
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.66B
| $1.51M | ﹤0.01% |
28,842
+1,455
| +5% | +$73.8K |
|
2579
Sasol
SSL
$7.28B
| $1.51M | ﹤0.01% |
+48,719
| New | +$1.48M |
|
2580
Interface
TILE
$2.24B
| $1.5M | ﹤0.01% |
98,228
+86,228
| +719% | +$1.41M |
|
2581
Tractor Supply
TSCO
$18.2B
| $1.5M | ﹤0.01% |
76,995
-2,452,715
| -97% | -$44.6M |
|
|
BELFB
2582
Bel Fuse Inc Class B
BELFB
$3.68B
| $1.5M | ﹤0.01% |
59,512
-18,692
| -24% | -$432K |
|
2583
Manhattan Associates
MANH
$12.6B
| $1.5M | ﹤0.01% |
27,265
+6,605
| +32% | +$338K |
|
2584
Onto Innovation
ONTO
$17.8B
| $1.5M | ﹤0.01% |
48,619
-333,969
| -87% | -$9.82M |
|
2585
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.9B
| $1.5M | ﹤0.01% |
54,000
-3,000,000
| -98% | -$80.9M |
|
|
EMCI
2586
DELISTED
EMC INS Group Inc
EMCI
| $1.5M | ﹤0.01% |
46,990
-62
| -0.1% | -$1.98K |
|
2587
Goldgroup Mining
GORO
$268M
| $1.5M | ﹤0.01% |
380,360
+229,388
| +152% | +$992K |
|
2588
Hilton Grand Vacations
HGV
$3.5B
| $1.5M | ﹤0.01% |
48,452
-18,181
| -27% | -$557K |
|
|
HYI
2589
Western Asset High Yield Opportunity Fund Inc
HYI
$133M
| $1.5M | ﹤0.01% |
101,217
+34,677
| +52% | +$495K |
|
2590
Lennar Class B
LEN.B
$20.6B
| $1.5M | ﹤0.01% |
40,199
+30,112
| +299% | +$1.08M |
|
2591
PUT
uniQure
QURE
$3.53B
| $1.49M | ﹤0.01% |
25,000
+15,500
| +163% | +$692K |
|
|
FTR
2592
DELISTED
Frontier Communications Corp.
FTR
| $1.49M | ﹤0.01% |
748,842
-35,121
| -4% | -$85.3K |
|
|
CHMI
2593
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $1.49M | ﹤0.01% |
86,441
-136,895
| -61% | -$2.51M |
|
2594
Titan Machinery
TITN
$438M
| $1.48M | ﹤0.01% |
95,349
-85,994
| -47% | -$1.59M |
|
2595
Eldorado Gold
EGO
$12.2B
| $1.48M | ﹤0.01% |
+320,267
| New | +$1.25M |
|
|
CATM
2596
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $1.48M | ﹤0.01% |
41,682
-249,257
| -86% | -$7.43M |
|
2597
Itron
ITRI
$4.33B
| $1.48M | ﹤0.01% |
31,776
-5,221
| -14% | -$277K |
|
2598
Resources Connection
RGP
$145M
| $1.48M | ﹤0.01% |
89,228
-197,382
| -69% | -$3.3M |
|
|
HES
2599
DELISTED
Hess
HES
| $1.47M | ﹤0.01% |
24,429
-1,974,673
| -99% | -$109M |
|
|
ORBC
2600
DELISTED
ORBCOMM, Inc.
ORBC
| $1.47M | ﹤0.01% |
216,905
+199,843
| +1,171% | +$1.6M |
|
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Israel Englander's Q1 2019 Portfolio in Review
As of Q1 2019, Israel Englander held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Israel Englander withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Israel Englander opened a new position in Zimmer Biomet worth $232M.
- Israel Englander's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Israel Englander added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Israel Englander's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Israel Englander fully exited Merck in Q1 2019, selling an estimated $375M.
- Israel Englander's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Israel Englander opened 914 new positions and closed 675 in Q1 2019.
- Israel Englander's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.